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1211 North Lasalle Drive

Michael Hoffenberg & Charlie Zabriskie Of Trevian Capital Provide $22.55M Refinance Loan In Chicago
FINANCEDMultiFamily

Michael Hoffenberg & Charlie Zabriskie Of Trevian Capital Provide $22.55M Refinance Loan In Chicago

$22,545,000

Building Size

Asset Type

MultiFamily

Closing

Feb 19, 2026

AI

The asset involved in this transaction is a multifamily property located in Chicago, comprising 68 units. The loan amount secured for this property is $22,545,000, which is a refinance loan type. The loan terms include a 24-month initial term with a six-month option to extend.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $22,545,000
  • Loan Type: Refinance
  • Loan Terms: 24 Month Initial Term With a Six Month Option to Extend
  • Lender: Michael Hoffenberg & Charlie Zabriskie - Trevian Capital
  • Date of Transaction: 02/20/2026
  • Market: Chicago
  • Units: 68

Michael Hoffenberg and Charlie Zabriskie represent the lender in this transaction. They are associated with Trevian Capital, playing a crucial role in facilitating the financing arrangement for the multifamily asset.

Players

Trevian Capital
Trevian CapitalLender

Charlie Zabriskie

Originator

$297.4M

vol

18 deals

Originator

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.70%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93